Bill Kristol: 'It Won't Kill The Country If We Raise Taxes' On Millionaires

You can bait me all you like. I stand by my morals and I trust my fifty+ years of life experience over anything that someone may tell me. I am
analytical in that I will smell it and if it smells like crap, there is a good chance it is.

Yup, that's all I meant. It would help. And help helps. We all know its a deeep hole we are in so a few extra in taxes just makes a dent. But
obviously there is some class resentment going on and this could help, if only psychologically and emotionally. And that in itself can be helpful.
What happened to fostering new inventions, as some of the old time rich guys did. Instead of bragging rights for the rich on who is more wealthy, how
about you backed the best invention? Something that helps foster manufacturing in America? Helps the environment? Increases mileage? Not just
buying stock, but actually helping people with new ideas and no money? JP Morgan backed Tesla and made money off patents. Spencer Trask backed
Edison. And so on. World changers. Money invested in Individuals rather than stocks and bonds and property. Something to be proud of! Not just
piling up money!

Republicans don't want to take up the offer because they don't want to piss off the people they work for.

Remember Romney giving his 47% speech? A plate of food at that dinner cost $50,000

Republicans keep crying that raising taxes will lead to massive layoffs, but were massive layoffs happening during the Clinton administration?

More people are on welfare right now because lower taxes on the wealthy does not stimulate the economy.

Instead those tax cuts that the rich are getting are going straight to their overseas and cayman island bank accounts.

Im going to use your own logic against you and you’re not going to like it but it’s the truth.

Have you ever asked yourself why “the rich” might hide their money in off shore accounts? Answer: To shelter there money from taxes right? So what
would happen if you lowered your taxes below what these off shore accounts charge? It would cause the “rich” to invest their money here in the USA
were the tax burden is less than an off shore account.

So based off your own argument, lowering taxes would provide a jump start to the economy because of the flow of capital coming into a tax friendly
country. You would also be getting an inflow of capital from other countrys whos taxes are higher. This increse cash flow to the USA would create
jobs. WOW

Originally posted by The Old American
More taxation upon on the wealthy will only work to underscore one point:

That the rich, no matter how rich they are, don't have enough money to fix the economy. One of two things will then have to happen:

1. The government will have to stop spending so much, or
2. The government will raise taxes on everyone.

Guess which is more likely.

/TOA

Yea thats right. We are all getting set up for a tax hike. Just got to nail the rich first......then when joe bitches they will askm "whats wrong
with you now? You got your rich taxed and now you must pay you're fair share".

Republicans don't want to take up the offer because they don't want to piss off the people they work for.

Remember Romney giving his 47% speech? A plate of food at that dinner cost $50,000

Republicans keep crying that raising taxes will lead to massive layoffs, but were massive layoffs happening during the Clinton administration?

More people are on welfare right now because lower taxes on the wealthy does not stimulate the economy.

Instead those tax cuts that the rich are getting are going straight to their overseas and cayman island bank accounts.

So then Obama's fund raisers and dinners were cheap? What about the extra funds from his election campaign, where's the money going? Oh into his
bank account. It works both ways buddy. And again, look at the numbers, you could tax the 1% double and it will won't cover half the budget. The
rest will come from Middle class...that's right. Not lower because they rarely pay any taxes and what they do, they get back. The middle is the
most vulnerable. I was told when i was 21 making about 30k a year that i had to pay back $900 because i moved up in my tax bracket............Middle
class barely makes enough nowadays and are borderline when it comes to having to pay at the end. So let's play fair and see this for what it it.
Taxes on the middle and upper.

With all political factors aside, I would like to make a point here. I believe that higher taxes on millionaires should not be brought into play. Now
I'm not a millionaire, far from it, even. Yet, I believe those who have worked incredibly hard to earn higher than the rest of us, such as those who
set up successful businesses or what not, deserve to keep that money in their pockets. As was said before, any extra money given to the government
will be squandered. Instead they should learn to responsibly spend what they have. I just feel it to be unfair if one was to work their asses off for
a pay packet a little higher than average, and then for the government to snatch the money from their hands.

there is a lot of things deeper wrong with the poor not paying "their fair share" and yet recieve the most benefits

They have no money to pay for their cost of living let alone taxes, why the hell do you think they are receiving those benefits in the first
place?!

I will never understand how people can be so ignorant as to constantly claim that poor people should pay more taxes, when the wealthy have increase
their wealth something like 170% in the last 20 years.

there is a lot of things deeper wrong with the poor not paying "their fair share" and yet recieve the most benefits

They have no money to pay for their cost of living let alone taxes, why the hell do you think they are receiving those benefits in the first
place?!

I will never understand how people can be so ignorant as to constantly claim that poor people should pay more taxes, when the wealthy have increase
their wealth something like 170% in the last 20 years.

Its the same thing when the amount of people now using food stamps gets brought up. Are there people who CAN afford to not use them but do? Sure I can
agree with that.

Most people don't WANT to use food stamps. These days, after generations of inherited debt, lower take home pay, higher taxes, higher costs of living,
some people literally depend on food stamps to feed their children.

Its sad these people get lumped together as lazy freeloaders, a lot of those people are some of the nicest, hardest working people you will ever
meet.

I really don't think taxing millionaires will do much to solve the problem. When has throwing money at a problem ever worked?

Asking someone who makes millions a year to help people who barely make 20k a year isn't asking so much is it?

If those people have a little extra cash after paying their bills and necessities, wouldn't it help the economy as a whole if more people are spending
more?

I think the extra cash from those more wealthy would be better put to use out in the economy, rather than existing as a digital number in somebody's
bank account.

The only way i think things will get better is totally reworking the tax system. Not adding amendments, or removing loopholes, get some funding
together, and create a system that works for everybody that can't be taken advantage of.

If that were true the House would have changed control but it didn't then there is the fact the current potus lost 8+ million votes in the last
election.

edit on 11-11-2012 by neo96 because: (no reason given)

If they had to run under the 2010 congressional map it would have changed. This is why the establishment Republicans are starting to come around they
know this. The House not being completely lost, can be attributed to American's need for instantaneous gratification in 2010. Obstruction will no
longer work, the gamble failed. Now to retain Party relevance the GOP is going to have to be seen as being able to get results and be an active
participant in the process of government much to the chagrin of the Tea Party.

Even with the gerrymandering the GOP still lost seats. So please stop trying to comfort yourself with retaining the House. It was a hollow victory at
best and Boehner knows it.

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